Member Info for StanleyPro

If we get bad news, you won't be able to get out at the current price. All the IIs will dump their stocks at "after hours" or pre-market so the price will plummet on opening. Same applies for the upside, the SP may double or triple in no time so it will be equally impossible to get in when positive news are out. I prefer to stay ahead of the curve rather than behind so hopefully, AMGO can strike an agreement.

Totally agree, it's toxic at the moment. The SP has been sliding since January so for a change of trend we either need big news from India or a change in sentiment. I'd prefer the latter so that we get a good rally IF India pays and it's a big if of course.

@Whitehat
just by looking at the SP movement there seems to be a lot of resistance at these levels. I assume CNE will move with the rest (oil & energy sector). Bought some more today.

3, 4, 5p Hahaha
I would imagine many have a buy order at 7p and at 6.50p. Big players won't let you in at 3, 4, or 5. Tomorrow's result means nothing

The results cannot be worse than expected because nobody's expecting much! What a chance it would be to get in at 5p and ride it to 50p after the FCA agreement is reached this year.

cause 318p is super low already to take the daily oil fluctuation into acc.

"Why is this not happening?"
Maybe they don't want to spend :D

@January2
which translates to 1/2 the current SP :D
so why not take up a short position?

Not really that bad, 474p is circa 24p in PMO money and right now the SP is about 16p. Last year, 16 -> 24p was possible in a couple of trading sessions. However, consolidation kills volatility.

@Bugsy911
Totally agree, mate. It's just the current sentiment and many don't have the nerves.

@smhss
Cairn is a decent stock and way oversold (this SP may not come about in years). I reckon the drop cannot be explained by fundamentals but rather a general market sentiment and most stocks in energy / oil / gas sector got badly hit.

-8% on the day, bloody hell.

Thank you! I've been waiting for that, no seriously, when you start seeing "dogs" in comments it's a strong indicator for the best time to buy!

@Mrstu82
Read the TLW rns from this morning, it's a completely different debt situation to CINE.

@Bc2020
If you're planning to keep us up to date with those numbers again, please correct "near" to "year" typo.

@ethansoton1
"there will be a 2nd and maybe even a 3rd chance to get out at some point and in the short/mid-term. At least I hope so…."

maybe to get in?

and further down it goes the juicier the upside :) you just have to know when to top up!

oh man what a day! Who could see this coming...

@TimeShifted
People only remember that the SP was 120 recently and post: "the current drop is not warranted", "manipulation" etc. but what about the rise from circa 20p to 120p which came prior to that? If you look at 4h or day chart to get some idea about the levels where CINE is trading, the current SP shouldn't surprise you, especially in the current market climate. When the situation improves and the correction is complete we'll be on the way up again! No need to panic.

AMGO is a tough one, nobody knows what's going on... :D
hopefully, they can inform us how close is an agreement with FCA and all that.